Should I buy or rent a home in Singapore?
If you have not spent a lot of time in Singapore, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Singapore can be a great investment, as property prices have been steadily increasing over the years. However, it is important to consider your financial situation and lifestyle before making a decision. Renting a home in Singapore can be a more affordable option, as it allows you to save money for other investments or expenses. It also gives you the flexibility to move to a different location if needed. Ultimately, the decision to buy or rent a home in Singapore should be based on your individual needs and preferences," said another expat in Singapore.
Other Questions:
- What should I pack when moving to Singapore?
- Where should I setup a bank account in Singapore?
- Will I be able to find a job in Singapore?
- What is life like in Singapore?
- What do expats in Singapore appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Singapore?
- Is there a lot of diversity? Are people in Singapore accepting of differences?
- What are the schools in Singapore like?
- What are healthcare services like in Singapore?
- What are medical services in Singapore like?
- Are healthcare and health insurance expensive in Singapore?
- What are emergency services like in Singapore?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Singapore?
- How are local medical facilities in Singapore?
- As a foreigner living in Singapore, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Singapore?
If you live in Singapore, newcomers to Singapore would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.